Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.50.

A number of equities research analysts have recently weighed in on MCRI shares. BidaskClub upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Jefferies Financial Group upgraded shares of Monarch Casino & Resort from an “underperform” rating to a “hold” rating and set a $48.00 price objective for the company in a report on Wednesday, July 25th. Stifel Nicolaus boosted their price objective on shares of Monarch Casino & Resort from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, July 27th.

In other Monarch Casino & Resort news, President Bob Farahi acquired 8,000 shares of the stock in a transaction dated Friday, September 7th. The stock was purchased at an average cost of $44.84 per share, for a total transaction of $358,720.00. Following the acquisition, the president now owns 419,408 shares in the company, valued at approximately $18,806,254.72. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 26.24% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings in Monarch Casino & Resort by 6.5% during the 2nd quarter. Whittier Trust Co. now owns 48,591 shares of the company’s stock valued at $2,140,000 after buying an additional 2,953 shares during the last quarter. TD Asset Management Inc. bought a new stake in Monarch Casino & Resort during the 2nd quarter valued at $203,000. BlackRock Inc. raised its holdings in Monarch Casino & Resort by 4.4% during the 1st quarter. BlackRock Inc. now owns 1,553,265 shares of the company’s stock valued at $65,687,000 after buying an additional 65,318 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Monarch Casino & Resort by 13.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 53,006 shares of the company’s stock valued at $2,242,000 after buying an additional 6,221 shares during the last quarter. Finally, Cutler Group LP raised its holdings in Monarch Casino & Resort by 609.8% during the 2nd quarter. Cutler Group LP now owns 2,549 shares of the company’s stock valued at $112,000 after buying an additional 3,049 shares during the last quarter. Institutional investors own 59.42% of the company’s stock.

Shares of Monarch Casino & Resort stock opened at $45.27 on Friday. The company has a market cap of $802.66 million, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.72 and a quick ratio of 0.66. Monarch Casino & Resort has a 1 year low of $34.49 and a 1 year high of $49.63.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $59.91 million during the quarter, compared to analyst estimates of $61.35 million. Monarch Casino & Resort had a net margin of 12.50% and a return on equity of 11.47%. equities research analysts predict that Monarch Casino & Resort will post 1.87 earnings per share for the current fiscal year.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 5, 2018, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

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